Pinebridge Investments L.P. Purchases 10,647 Shares of Uber Technologies, Inc. (NYSE:UBER)

Pinebridge Investments L.P. increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,168 shares of the ride-sharing company's stock after acquiring an additional 10,647 shares during the quarter. Pinebridge Investments L.P.'s holdings in Uber Technologies were worth $11,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UBER. Capital Research Global Investors boosted its holdings in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at approximately $1,467,754,000. Jennison Associates LLC raised its holdings in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares during the period. Boston Partners acquired a new position in shares of Uber Technologies during the fourth quarter worth about $381,057,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after acquiring an additional 5,753,637 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

UBER traded down $0.36 on Friday, reaching $77.74. The stock had a trading volume of 20,038,405 shares, compared to its average volume of 20,320,278. The firm has a 50-day moving average of $73.60 and a 200-day moving average of $71.50. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market capitalization of $162.62 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 over the last 90 days. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citizens Jmp cut shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Benchmark restated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. KGI Securities reiterated a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Fox Advisors cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $89.81.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.